Question: (CH5 Problem 7) A project that provides annual cash flows of $15,777 for 21 years costs $55,219.50 today. What is the net present value of

(CH5 Problem 7) A project that provides annual cash flows of $15,777 for 21 years costs $55,219.50 today. What is the net present value of this project if the required return is 2.9 percent? Round your answer to the nearest penny

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